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BMW i Ventures created a new $300-million venture capital fund with a strong focus on sustainability. The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries. BMW i Ventures was established as an independent venture capital firm in 2016.
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Both parties have also agreed to inject 2 billion RMB (US$307 million) in capital into the company.
We believe that eVTOL aircraft represent a great leap forward in aerospace and we’re excited to be working on this new era of sustainabletransportation. Partnerships like this will enable the USAF to work closely with the designers and engineers behind the groundbreaking new technologies that are making eVTOL flight a reality.
Nikola Corporation delivered the first Nikola Tre battery-electric vehicle (BEV) pilot trucks to Total Transportation Services Inc. TTSI), one of Southern California's prominent port trucking companies, to expedite zero-emission transportation solutions at the ports of Los Angeles and Long Beach.
million in the areas of hydrogen storage, advanced biofuels, sustainabletransportation, and energy efficiency. Projects that qualify for BIRD Energy funding must include one US and one Israeli company, or a company in one of the countries paired with a university or research institution in the other.
Ford’s ride-sharing shuttle service Chariot launched its first European routes tailored for companies and campuses this week. Chariot, which began operating in London earlier this year, is a ride-sharing minibus service that connects commuters living and working in areas underserved by public transport with nearby transit hubs.
a global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. There is a significant and growing interest in electric vehicles and machines among Volvo Group customers, which is speeding up the transition to more sustainabletransport.
The acquisition includes all outstanding shares in the property company which owns the Saab Automobile facilities in Trollhättan, Sweden, as well as IP rights for the Saab 9-3 and the Phoenix platform. China’s progressive initiatives in sustainabletransportation solutions. The price for the assets has not been disclosed.
In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide. The international trucking industry is undergoing a transformation towards more sustainabletransport as sales of heavy battery electric trucks are starting to pick up, with Europe in the lead.
VWGoA) is boosting its automotive research in the United States to further accelerate electric mobility and sustainabletransportation innovation. Volkswagen Group of America, Inc.
sennder, Europe’s leading digital road freight forwarder and Cabot Corporation, a leading global specialty chemicals and performance materials company, transported one of Europe’s first zero-emission cross-border heavy duty loads. Cabot recently announced its ambition to achieve net-zero emissions globally by 2050.
and Saudi Aramco’s US-based subsidiary Aramco Services Company (ASC) have signed a joint development agreement providing the framework for the two companies to work together on a series of Opposed-Piston (OP) Engine projects, which will speed the development of new efficient, low-emissions powertrain choices. Achates Power, Inc.
Our technology will allow for increasingly lighter, more efficient, and less expensive EVs, and today represents a major step in our journey to expand the accessibility of more sustainabletransportation. —Peter Rawlinson, CEO and CTO, Lucid Group.
Tesla Motors CEO Elon Musk announced in a blog post that the company is opening up access to its patents; Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use the company’s technology. Tesla Motors was created to accelerate the advent of sustainabletransport.
The FuelEU Maritime initiative will require ships carrying EU trade to progressively switch to sustainable alternative fuels. Shipping accounts for about 13% of greenhouse gas emissions from European transport.
The ambition is to make the new joint venture a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neutral and sustainabletransportation by 2050. Daimler Truck AG and the Volvo Group have agreed to rename the company cellcentric GmbH & Co.
The collaboration with Optibus will contribute to our efforts to support customers with more efficient and sustainabletransport solutions. —Christina Brinck, Investment Director, Volvo Group Venture Capital. —Anna Westerberg, President of Volvo Buses.
The Lion Electric Company, a manufacturer of all-electric medium and heavy-duty urban vehicles, has received an order for 35 LionC school buses from the Canadian province of Prince Edward Island (PEI).
The report— “2023 North American Light Vehicle Aluminum Content and Outlook ”—released by the Aluminum Association indicates that demand for more sustainabletransportation will help drive an increase in market share for aluminum content by nearly 100 net pounds per vehicle (PPV) from 2020 to 2030.
Proterra will utilize the $55 million to increase production at its manufacturing facilities in South Carolina and Los Angeles, while also bolstering research and development efforts at the company's headquarters in Silicon Valley.
Scania has received an order for 158 buses from public transportcompany Keolis Sverige in Sweden. Keolis Sverige’s vision is to use locally suited, sustainabletransport to double transit ridership in Swedish cities. The delivery to Keolis consists of urban, suburban and intercity buses.
The two companies will establish an expert team and work together at Northvolt’s research facility, Northvolt Labs, in Västerås, Sweden, to develop and commercialise production of battery cells optimized to power commercial vehicles. The companies have also entered into an off-take purchase agreement for battery cells.
National Electric Vehicle Sweden (Nevs) has signed a framework agreement on taking a 50% stake in Chinese transport vehicle manufacturing company New Long Ma ( NLM ). The company has during the last three years invested three billion RMB (US$459 million) in a new plant that today has a production capacity of 150,000 vehicles per year.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Hapag-Lloyd, a leading worldwide liner shipping company, for the use of advanced biofuels. DHL’s GoGreen Plus service paves the way to transition to clean and sustainabletransportation.
Following the proof-of-concept testing, the company plans to evaluate the engine in a variety of on- and off-highway applications, supporting the company’s efforts to accelerate the decarbonization of commercial vehicles.
XALT Energy is powering the US’ first, long-distance, all-electric passenger coach in tests with private and public transportation providers in the United States. XALT Energy, a company of Freudenberg Sealing Technologies, is a Midland, Michigan-based global developer and manufacturer of lithium-ion technology solutions.
Earlier this year, DTNA formed the Freightliner Electric Vehicle Council composed of 30 customers with strong use-cases for electric trucks, including Penske Truck Leasing, to further drive its sustainabletransportation program. The company is working with the council members to ensure a holistic approach to launching electric trucks.
Coach Atlantic Maritime Bus is part of Cassidy Group, and is one of Canada’s most diversified bus companies, providing services for group charters, cruise ship arrivals, multi-day tours, daily inter-city line runs, municipal transit schedules, and school bus contracts. The company has more than 275 buses on the roads.
Sustainabletransport group BD Otomotiv (BD OTO AS) said it is in advanced negotiations with the Norwegian court-appointed Trustee of THINK Global to rescue the electric vehicle brand from bankruptcy. BD Otomotiv is a Turkey-based investment group which in recent years has focused on electric transportation.
Didi Chuxing (DiDi), the world’s leading mobile transportation platform, will launch Latin America’s first shared electric vehicle (EV) fleet through its app in Mexico, as the company further invests in sustainabletransportation innovations in the region.
But the conditions for making this shift, and consequently the pace of the transition, vary dramatically across different hauliers and markets, depending on many variables such as financial incentives, access to charging infrastructure and type of transport operations. —Roger Alm, President Volvo Trucks. —Roger Alm.
We are very excited to be one of the few companies worldwide that can demonstrate a hydrogen rigid in real-time operation. This gives our customers and us valuable knowledge on zero-emission transport solutions and will help us in taking the next steps towards more sustainabletransport.
However, other companies in non-automotive sectors are also planning to adopt the North American Charging Standard (NACS), including GM-owned Pure Watercraft, a maker of electric boats. The company has a pontoon boat that was created in collaboration with GM in April, which starts at $75,000 and can be reserved for just $100.
Inductive charging is among the options the company is exploring and would enable vehicles wirelessly to recharge their batteries via electrified roads. Our customers have different needs and prerequisites when it comes to switching to more sustainabletransport. Therefore we don’t want focus on just one technology.
—Claus Daniel, deputy director of ORNL’s SustainableTransportation Programs. Researchers can make batteries with up to 7 Ah capacity, a size that provides good demonstration capability but requires less material, reducing the burden on smaller companies that lack large-scale production capacity.
With this transformation, Danfoss will be the first company in Denmark to have a 24-hour truck in operation. The trucks are charged by charging infrastructure from the Danish company GodEnergi. Nine fully electric Volvo trucks are set to be in operation before 2024. Danfoss technology in the trucks.
In other words, while vehicle and fuel technologies clearly play a major role, so does demand reduction and the development of smarter, sustainabletransportation systems. Of 9 reports from the TEF project, four deal with reducing transportation demand. You’re moving from a mode and evolving into a more sophisticated system.
The partnership agreement between three local governments and eight companies aims to develop new modes of transportation, and to promote the use of renewable energy, in the Hamadori area of Fukushima Prefecture. The overall goal is to help develop a revitalized, resilient and sustainable low-carbon community.
This week on the Electrek Podcast , we discuss the most popular news in the world of sustainabletransport and energy. This week, we discussed Elon Musk’s Tesla company-wide meeting, a new Cybertruck sighting, Tesla adding back a radar to its self-driving sensor suite, and more. and more appeared first on Electrek.
GE is already developing more fuel efficient jet engines within its sustainabletransport portfolio; the development of biofuels is a natural extension of this, the company said. The agreement comes as the aviation industry puts added focus on carbon emissions as it becomes covered by emissions trading schemes around the world.
Lightning eMotors’ new and repowered products give us the flexibility we need to provide sustainabletransportation systems to the Pacific Islands. Hawaii is making big investments in sustainable energy, and zero-emission transportation is the next step the islands have to take to meet their targets.
They will be operated by Alberta trucking companies Trimac Transportation and Bison Transport. This investment comes from ERA’s BEST Challenge—a $100 million funding opportunity for biotechnology, electricity, and sustainabletransportation technology solutions. million to the AZETEC project.
As WattEV’s public charging network expands nationwide, the company plans to scale its depots to provide 1.2 The Volvo VNR Electric model is designed as a sustainabletransportation solution for local and regional distribution, pickup and delivery, and food and beverage distribution.
Transit Systems VIC, part of Kelsian Group, Australia’s largest integrated marine, tourism and transportcompany, is adding two Australian-built hydrogen fuel cell buses to the fleet as part of the Victorian Government’s three-year Zero Emissions Bus Trial.
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